A recent report published by Infinium Global Research on power sunroof market provides an in-depth analysis of segments and sub-segments in the global as well as regional power sunroof market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional power sunroof market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global power sunroof market. According to the report, the global power sunroof market is projected to grow at a CAGR of 10% over the forecast period of 2018-2024.
The power sunroof is a moveable window that has an opening on the top of a car roof. Power sunroof allows light or fresh air to enter into the car and prevents the noise of the wind. These sunroofs come fitted with electrical circuits. Based on the type of car, Sunroofs are either manually operated or can be motor driven. They come in different shapes, sizes, and styles. The sunroof makes the car more illuminated with the brightness during the day. Normally, a power sunroof control is located either directly on the vehicle dashboard or on the center console. Power sunroofs are only available with premium segment cars so many car owners desire to have power sunroof in their vehicle.
Increasing demand for premium segment vehicle with a growing car production is driving the growth of power sunroof market. The changing lifestyle of consumers and rising spending power among consumers are boosting the growth of the power sunroof market. Additionally, the growing production of modified sunroof tracks is a major trend increasing the demand of the global automotive sunroof market. Hence, owing to the rise in population leading to an increase in the production of vehicles so, the demand for sunroofs will eventually increase. In addition, innovations in glass technology driving the growth of the power sunroof market. However, in low segment vehicles, low penetration of power sunroof may hamper the growth of the power sunroof market. Moreover, increasing demand for a solar sunroof in electric vehicles is increasing the consumer preference for the use of alternative fuel vehicles that are providing a beneficial opportunity for power sunroof market.
Among the geographies, Europe held the leading market share in the power sunroof market. Europe dominates the power sunroof market owing to growing sales in the high-end luxury cars segment followed by North America. Furthermore, increasing installation of power sunroof in vehicles such as sedan/hatchbacks and SUVs has boosted the demand for a power sunroof in the Asia Pacific region. Development of automotive manufacturing industries in economies such as Japan and South Korea Asia-Pacific is expected to see significant growth, as there is a large demand for production of automobiles.
The report on global power sunroof market covers segments such as vehicle type and windshield type. On the basis of vehicle type, the global power sunroof market is categorized into passenger, and commercial. On the basis of windshield type, the global power sunroof market is categorized into fabric type, and glass type.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while the Asia-Pacific region includes countries such as China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are the major markets included in the European region. The U.S. drives the growth in the North America region, as it is the largest market in the region. In the Asia-pacific region, rapid industrial growth in India and China offer a substantial potential for the growth in the power sunroof market. As a result, the APAC region is projected to experience growth at a CAGR of x.x% over the forecast period 2018-2024.
The report provides profiles of the companies in the global power sunroof market such as Magna International Inc., Aisin Seiki Co., Ltd., Webasto Roofsystems India Pvt Ltd, Inalfa Roof Systems, Inteva Products, LLC, BOS GmbH & Co. KG, Yachiyo Industry Co Ltd, Automotive Sunroof-Customcraft (ASC) Inc., Johnan Manufacturing Inc., CIE Automotive, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global power sunroof market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of power sunroof market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the power sunroof market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the power sunroof market to understand the present and future trends in this market and formulate their strategies accordingly.